REPORT
      OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM




Board of
Directors of


Nissan
Motor Acceptance Corporation and Subsidiaries:




We have
examined Nissan Motor Acceptance Corporation and subsidiaries’ (collectively,
the “Company”) compliance with the servicing criteria (the “Servicing Criteria”)
set forth in Item 1122 (d) of the Securities and Exchange Commission’s
Regulation AB  for the Company’s asset-backed securities transactions
involving revolving pools of receivables included in public securitizations
sponsored by the Company starting in 2007 and serviced by Nissan Motor
Acceptance Corporation and its subsidiaries arising from time to time in
connection with the purchase and financing by retail motor vehicle dealers of
their new, pre-owned and used inventory (the “Platform”) described in the
accompanying Management’s Report on Assessment of Compliance with SEC Regulation
AB Servicing Criteria as of and for the year ended March 31, 2008, excluding
criteria 1122 (d)(1)(iii), 1122 (d)(1)(iv), 1122 (d)(2)(iii), 1122 (d)(2)(vi),
1122 (d)(4)(vi), 1122 (d)(4)(x), 1122 (d)(4)(xi), 1122 (d)(4)(xii) and 1122
(d)(4)(xv), which management has determined are not applicable to the activities
performed by the Company with respect to the Platform.  Management is
responsible for the Company’s compliance with the Servicing
Criteria.  Our responsibility is to express an opinion on the
Company's compliance with the Servicing Criteria based on our
examination.




Our
examination was conducted in accordance with attestation standards established
by the American Institute of Certified Public Accountants, as adopted by the
Public Company Accounting Oversight Board (United States) and, accordingly,
included examining, on a test basis, evidence about the Company's compliance
with the applicable Servicing Criteria, including tests on a sample basis of the
servicing activities related to the Platform, determining whether the Company
performed those selected activities in compliance with the Servicing Criteria
during the specified period, and performing such other procedures as we
considered necessary in the circumstances.  Our procedures were
limited to selected servicing activities performed by the Company during the
period covered by this report and, accordingly, such samples may not have
included servicing activities related to each specific asset-backed transaction
included in the Platform.  Further, an examination is not designed to
detect noncompliance arising from errors that may have occurred prior to the
period specified above that may have affected the balances or amounts calculated
and reported by the Company during the period covered by this
report.  We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal determination on the
Company's compliance with the Servicing Criteria.




As
described in management's assertion, for servicing criteria 1122(d)(2)(i),
1122(d)(2)(vii) and1122(d)(4)(i), the Company has engaged vendors to perform
certain activities required by this servicing criteria.  The Company has
determined that these vendors are not considered "servicers" as defined in Item
1101(j) of Regulation AB, and the Company has elected to take responsibility for
assessing compliance with the servicing criteria applicable to these vendors as
permitted by Interpretation 17.06 of the SEC Division of
Corporation







Finance
Manual of Publicly Available Telephone Interpretations ("Interpretation
17.06").  As permitted by Interpretation 17.06, the Company has asserted
that it has policies and procedures in place designed to provide reasonable
assurance that the vendors’ activities comply in all material respects with the
servicing criteria applicable to these vendors.  The Company is solely
responsible for determining that it meets the SEC requirements to apply
Interpretation 17.06 for the vendors and related criteria as described in its
assertion, and we performed no procedures with respect to the Company's
determination of its eligibility to use Interpretation 17.06.




Our
examination disclosed the following material noncompliance with 1122 (d)(2)(i)
applicable to the Company during the year ended March 31, 2008. The material
noncompliance resulted from the Company’s failure to deposit a sufficient amount
of funds into the applicable custodial bank account within the time period
specified in the respective transaction agreement on numerous days each
month.




In our
opinion, except for the material instance of noncompliance described in the
preceding paragraph, the Company complied with the aforementioned applicable
servicing standards as of and for the year ended March 31, 2008, for the
Platform, in all material respects.






/s/  Deloitte
& Touche LLP




Nashville,
Tennessee


June 26,
2008